Why is Aveer Foods falling/rising?

As of 10-Jun, Aveer Foods Ltd is experiencing a price increase, currently at Rs 800.00, which reflects a rise of Rs 50.0 or 6.67%. The stock has shown strong performance today, opening with a gain of 6.53% and reaching an intraday high of Rs 810, which is 8% higher than the previous close. It has outperformed its sector by 6.46% and is trading above all key moving averages. Over the past year, the stock has generated a remarkable return of 56.86%, significantly surpassing the market's return of 7.72%. The company has also demonstrated strong financial health, with a low Debt to EBITDA ratio of 0.92 times and consistent positive results over the last three quarters, including a substantial growth in PAT.
In the broader market context, Aveer Foods' short-term return of 5.96% over the past week is notably higher than the Sensex's return of 2.05% during the same period. This outperformance indicates strong investor confidence and interest in the stock, likely fueled by its healthy operating profit growth and rising investor participation, as evidenced by a significant increase in delivery volume. The stock's technical indicators suggest a mildly bullish trend, further supporting its upward movement. Overall, the combination of strong financial performance, positive market sentiment, and favorable technical indicators contributes to the stock's rising price.